VEHICLE EXCESS REIMBURSEMENT INSURANCE

Transcription

1 VEHICLE EXCESS REIMBURSEMENT INSURANCE For cars, motorhomes and vans A GUIDE TO YOUR COVER & HOW TO MAKE A CLAIM VXR1 Rev 10_2016 S P E C I A L I S T I N S U R A N C E 1

2 This is Your Vehicle Excess Reimbursement Policy wording, please take the time to read the document and understand both the benefits and exclusions. Every effort has been made to ensure this product meets Your needs, if You have any queries, please do not hesitate to contact Lifesure Group Ltd to discuss further. SELLING BROKER Lifesure Group Limited, An FCA authorised intermediary, who is acting on behalf of the customer and able to advise upon, sell and administer general insurance products in the UK. MARKETING INTERMEDIARY Soter Professional Services Ltd (FCA number ), which is authorised and regulated by the Financial Conduct Authority (or equivalent) to carry out general insurance mediation business activities in and from within the United Kingdom. Soter Professional Services Ltd deals with Lifesure Group Limited in relation to this insurance. INSURER This insurance is arranged by Soter Professional Services Ltd & Strategic Insurance Services Limited with Astrenska Insurance Limited Company Registration Number: , Cutlers Exchange, 123 Houndsditch, London EC3A 7BU. WHAT MAKES UP THIS POLICY? This policy wording and the Schedule must be read together as they form Your insurance contract. INSURING CLAUSE In consideration of payment of the premium, the insurer will indemnify or otherwise compensate You against financial loss as described in and subject to the terms, conditions, limits and exclusions of this policy, occurring or arising during the Period of Insurance or any subsequent period for which the insurer agrees to accept a renewal premium. CONSUMER INSURANCE ACT You are required by the provisions of the Consumer Insurance (Disclosure and Representations) Act to take care to: Supply accurate and complete answers to all the questions We or the administrator may ask as part of Your application for cover under the policy. To make sure that all information supplied as part of Your application for cover is true and correct Tell Us of any changes to the answers You have given as soon as possible. Failure to provide answers in-line with the requirement of the Act may mean that Your policy is invalid and that it does not operate in the event of a claim. JURISDICTION AND LAW This insurance will be governed by the laws of England, whose courts alone shall have jurisdiction in any dispute arising from this insurance. COOLING OFF PERIOD Soter Professional Services Ltd will refund Your premium in full if, within fourteen (14) days, You decide that it does not meet Your needs or that You do not want this policy, provided You have not reported a claim. The fourteen (14) day statutory cancellation right applies from the date the contract is entered into, or from the date that contract documents are received, whichever is the later. Once the fourteen (14) days has expired, You have the right to cancel this insurance, however, no refund of premium will be due to You. 2 VEHICLE EXCESS REIMBURSEMENT INSURANCE: A GUIDE TO YOUR COVER

3 If You wish to request a cancellation then please contact Your selling broker from whom You purchased this policy OUR RIGHT TO CANCEL The Insurer shall not be bound to accept renewal of any insurance and may at any time cancel any insurance document by giving fourteen (14) days notice in writing where there is a valid reason for doing so. A cancellation letter will be sent to You at Your last known address. Valid reasons may include but are not limited to: a) Fraud b) Non-payment of premium c) Threatening and abusive behaviour d) Non-compliance with policy terms and conditions Provided the premium has been paid in full You will be entitled to a proportionate rebate of premium in respect of the unexpired period showing on the insurance. DEFINITIONS Where We explain what a word means that word will be highlighted in bold print and will have the same meaning wherever it is used in the policy. Annual Aggregate Limit means the maximum amount payable in the Period of Insurance as shown in Your Schedule. Business Use Class 3 means the Insured Person and any Named Driver(s) using the Motor Vehicle for business, to solicit orders or to deliver pre-purchased goods. This also includes anyone who uses the Motor Vehicle to travel from customer to customer on commercial business. Commercial Use means the Insured Person and any Named Driver(s) using the Motor Vehicle as a taxi, minicab, limousine or driving school or being used for commercial use by sales representatives who have use and responsibility for their own company vehicle. Excess means the amount You are responsible for/have to pay under the terms of Your Motor Insurance Policy. Imminent Claim means an Incident that could give rise to a claim under this policy that You are or were aware of prior to the inception date of this policy that was to be or had just been reported under Your Motor Insurance Policy. Incident means a claim occurrence under Your Motor Insurance Policy during the Period of Insurance. Motor Insurance Policy means Your insurance policy covering social, domestic, pleasure and commuting use by the Policyholder and/or a Named Driver(s); issued by an authorised and regulated Motor Insurer to You in respect of Your Motor Vehicle. Motor Insurer means an authorised UK Motor Insurer. Motor Vehicle means one of the following as declared on Your Schedule of Cover a) PRIVATE MOTOR also called a car (not being an invalid carriage) which is constructed for the carriage of passengers and their effects and is adapted to carry no more than seven (7) passengers. b) BUSINESS CAR (not being an invalid carriage) constructed for the carriage of passengers and their effects and is adapted to carry no more than seven (7) passengers that is used for personal and/or commercial business. c) MOTORCYCLE (also called a motor bicycle or motorbike) which is constructed with two-wheels and powered by an engine d) COMMERCIAL VEHICLE not exceeding an uploaded weight of 3.5 metric tonnes being used for transporting goods. e) COMMERCIAL VEHICLE greater than an unloaded weight of 3.5 metric tonnes but not exceeding 44 metric tonnes being used for transporting goods. 3

4 f) TAXI a hire car with a maximum of nine (9) seats which can be engaged, by arrangements made in a public place between the person to be converted in it or by prior arrangement. g) MOTORHOME (also called recreational vehicles) which is constructed for the carriage and accommodation of passengers and their effects and is adapted to carry no more than seven (7) passengers. h) CARAVAN (also called touring caravan) which is constructed for the carriage and accommodation of passengers and their effects and is adapted to carry no more than seven (7) passengers. of which You are the owner or which You are authorised to drive. Named Driver(s) means drivers in addition to You who are permitted to drive under the terms of Your Motor Insurance Policy. Period of Insurance means the period for which We have accepted the premium as stated in Your Schedule. Schedule this forms part of this policy document and contains the name of the Policyholder and gives details of the cover provided by this policy. Terrorism means any act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organisation(s) or government(s), committed for political, religious, ideological or ethic purposes or reasons including the intention to influence any government and/or to put the public, or any section of the public, in fear. Waived or Reimbursed means where a third party has already made good the Excess shown in the schedule of Your Motor Insurance Policy. We/Us/Our means Astrenska Insurance Limited. You/Your/Insured Person/Policyholder means the person whose name appears within Your Schedule. COVER PROVIDED 1. Cover is provided for the Excess that You are responsible for following the successful settlement of any loss, destruction or damage for Your Motor Vehicle under Your Motor Insurance Policy in respect of claims arising as a result of accidental damage, fire, theft, or vandalism. Where You were at fault the claim will be settled when We are in receipt of the settlement letter from Your Motor Insurer. For claims where You are deemed either partially at fault or not at fault if Your Excess is not recovered from the third party within six (6) months from the Incident We will reimburse any Excess payment for which You have been made liable up to the Annual Aggregate Limit insured under the policy. 2. Cover will only operate when the Excess of Your Motor Insurance Policy is exceeded and following the successful claim payment. 3. The maximum amount payable under this policy will be the Annual Aggregate Limit as shown in Your Schedule. Once the Annual Aggregate Limit is exhausted this policy is automatically cancelled and You are then liable for all and any future Excess payments as defined in Your Motor Insurance Policy. WHAT IS NOT COVERED (Exclusions) 1. Any claim that Your Motor Insurance Policy does not respond to or the Excess there under is not exceeded. 2. Any claim that is refused under Your Motor Insurance Policy. 3. Any claim where the Motor Vehicle is being used: a) for Commercial Use, Business Use Class 3 or hire and reward unless Your Motor Vehicle has been declared as a BUSINESS CAR, COMMERCIAL VEHICLE or a TAXI b) for any purpose in connection with the motor trade 4 VEHICLE EXCESS REIMBURSEMENT INSURANCE: A GUIDE TO YOUR COVER

5 c) in any competition, trial, performance test, race or trial of speed, including off-road events, whether between Motor Vehicles or otherwise, and irrespective of whether this takes place on any circuit or track, formed or otherwise, and regardless of any statutory authorisation of any such event. 4. Any claim under Your Motor Insurance Policy which occurred prior to the Period of Insurance as shown on Your Schedule that You were aware was an Imminent Claim. 5. Any claim notified to Us more than thirty-one (31) days following the successful settlement of Your claim under Your Motor Insurance Policy. 6. Any contribution or deduction from the settlement of Your claim against Your Motor Insurance Policy other than the stated policy Excess for which You have been made liable. 7. Any claim that has been Waived or Reimbursed. 8. Any liability You accept by agreement or contract, unless You would have been liable anyway. 9. Any claim arising from glass repair or replacement. 10. Any claim arising from breakdown or misfuel. 11. Any claim resulting from war and/or Terrorism. 12. Any claim resulting from: ionising radiation or radioactive contamination from any nuclear fuel or from any nuclear waste which results from burning nuclear fuel; or radioactive, toxic, explosive or other dangerous properties of any nuclear machinery or any part of it. CONDITIONS APPLICABLE 1. Your Motor Excess Protection Insurance Policy will continue to respond for the Period of Insurance or until Your Annual Aggregate Limit is exhausted; whichever comes first. 2. Your Motor Insurance Policy must be maintained, current and valid. 3. The Insured Person must match the name of the individual stated on Your Motor Insurance Policy. 4. In the event that any misrepresentation or concealment is made by You or on Your behalf in obtaining this insurance or in support of any claim under this insurance the policy is voided and no refund of premium will be given. 5. Right of Recovery - We can take proceedings in Your name but at Our expense to recover for Our benefit the amount of any payment made under this policy. 6. Other Insurance - If You were covered by any other insurance for the Excess payable following the Incident, which resulted in a valid claim under this policy, We will only pay Our proportionate share of the claim. 7. You must take reasonable steps to safeguard against loss or additional exposure to loss. 8. We will only give You the cover that is described in this policy if You have complied with the terms and conditions under Your Motor Insurance Policy and all the terms and conditions of this insurance policy, as far as they apply. 9. If You make a claim under this policy that is found to be false or fraudulent in any way, the policy is void and any claim will not be paid. 10. This insurance is only valid if You are a permanent resident of the United Kingdom (England, Wales, Scotland, Northern Ireland, Channel Islands and the Isle of Man). 11. You and any Named Driver(s) must have a full and valid UK driving licence, or hold a full and valid EEA licence. 12. We have the right to approach any third party in relation to Your claim. 5

6 HOW TO MAKE A CLAIM Your claim will be handled on the insurer s behalf by ClaimEz. ClaimEz is an online web based system managed by Strategic Insurance Services Limited (SISL) who, whilst handling claims, is acting as an agent of the insurer. The claim process has been specifically designed to make it as quick and efficient as possible to process and handle Your claim. You will be asked to provide Your scheme code which is If You have access to the internet: Visit Our claims website: where You will be able to register Your claim, enter all the necessary details and upload the documents that will be specified to You. Our internet solution is the quickest and easiest way to submit Your claim to Us. If You do not have access to the internet: Please call ClaimEz on to notify Us of Your claim. Some initial details will be taken and You will then be sent a claim form by post to complete and return to Us along with supporting documentation that will specified to You. When calling Us, please have Your policy number to hand. Please note that a postal claim may take significantly longer to settle than an online claim; especially if We need to write to You to request additional information. Failure to follow these steps may delay or jeopardise the payment of Your claim. ClaimsEz are an insurers agent and in the matters of a claim act on behalf of the insurer. COMPLAINTS PROCEDURE We do everything possible to make sure that You receive a high standard of service. If You are not satisfied with the service that You receive, You should address Your enquiry/complaint to: For sales complaints: The Complaints Manager, Lifesure Group Limited, 3 Fenice Court, Eaton Socon, St Neots, PE19 8EW For claim complaints: The Customer Care Manager, ClaimEz (SIS), PO Box 70931, London, SW20 2EE customercare@claimez.com Please provide full details of Your policy and in particular Your policy/claim number to help Your enquiry to be dealt with speedily. If Your complaint about a claim on Your policy cannot be resolved by the end of the next working day, ClaimEz will pass it to: Astrenska Insurance Limited, Cutlers Exchange, 123 Houndsditch, London EC3A 7BU If it is not possible to reach an agreement, You have the right to make an appeal to the Financial Ombudsman Service. This also applies if You are insured in a business capacity and have an annual turnover of less than 2million and fewer than ten staff. You may contact the financial Ombudsman Service at: The Financial Ombudsman Service, Exchange Tower, Harbour Exchange Square, London, E14 9SR Tel: The above complaints procedure is in addition to your statutory rights as a consumer. For further information about your statutory rights contact Your local authority Trading Standards Service or Citizens Advise Bureau. 6 VEHICLE EXCESS REIMBURSEMENT INSURANCE: A GUIDE TO YOUR COVER

7 COMPENSATION SCHEME Astrenska Insurance Limited is covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme, if they cannot meet their obligations. This depends on the type of business and the circumstances of the claim. Most insurance contacts are covered for 90% of the claim with no upper limit. You can get more information about compensation scheme arrangements from the FSCS or visit DATA PROTECTION The Parties shall comply with all applicable obligations imposed by, or made under requirements of the Data Protection Act 1998 ( DPA ), together with any other applicable regulations, orders or codes of practice or equivalent legislation in the jurisdiction in which it carries on business. FINANCIAL CRIME POLICY STATEMENT We will not provide any cover or be liable to provide any indemnity, payment or other benefit under this policy where doing so would breach any prohibition or restriction imposed by law or regulation. If any such prohibition or restriction takes effect during the Period of Insurance We may cancel this policy immediately by recorded delivery letter to the correspondence address shown on the Schedule. Please note that You will not be entitled to a pro-rata refund of premium under these circumstances. 7

8 SPECIALIST INSURANCE Lifesure Group Limited is registered in England & Wales No: Our registered office address is: 3 Fenice Court Phoenix Park Eaton Socon Cambs PE19 8EW. Telephone: Fax: info@lifesure.co.uk 8 Lifesure Group Limited is authorised and regulated by the Financial Conduct Authority under register number for Insurance Mediation activities and as a Credit Broker, and does not charge any fees to customers in relation to Credit Broking activities. 8 VEHICLE EXCESS REIMBURSEMENT INSURANCE: A GUIDE TO YOUR COVER